Ubi Franklin has replied Iyanya’s recent allegations about how he was scammed off Tekno’s hit song Duro and the Kukere crooner not liking Tekno in a recent interview with Cool FM.
The MMMG boss also backed up his claims with documents proving his innocence. He spoke about why Iyanya’s name was not on the original document that created the label because Iyanya had asked to be left out as he didn’t want to sign anything. He just wanted to do music and without the signature of all involved, the document cannot be approved.
”Iyanya was not part of it, he said he wanted to focus on the music.”
He then confessed that six-months later, the document had to be redrafted to reflect Iyanya’s name on it, while also explaining why it had to be done.
”In August/September 2012, we had gone for a top Government official’s Mum burial in Delta State. At the airport, we saw a woman carrying her bag and I told Iyanya to go after her and help carry her bag. She now introduced herself and they started talking.”
He explained that the woman was a top executive at a bank and he discussed with her about helping to secure a loan.
It was while trying to get a loan that the bank insisted on Iyanya’s name on the document before they can approve the loan.
”In September, we went back to CAC to rectify the documents, I put my brother’s names initially on the contract because Iyanya didn’t want to sign and the document can’t have only me on it.
”After the second CAC document was ready, we signed a Joint Venture document stating that every money that the company makes, we will share 50/50.
We got a loan from the bank and Freda Francis [A mutual friend] was the person that gave us the security to back up our loan. We were able to push ‘Kukere’ to the next level, ‘Your Waist’ and other songs.
Iyanya had also claimed that he got only N145k from Tekno’s Duro, when the song made over N30m. Responding Ubi shared, ”Sometime in 2012, we went to Abuja to record a song with GospelOnDBeatz and this young man [Tekno] just walked into the studio, went to the booth and started singing. I was impressed and we discussed signing him, but he said he had a contract and I said, when your contract expires, call me.
In 2013, he called me and said he was in Lagos, so I invited him over, sent him the address and he came… I contacted his lawyer, we did all the documentation before I brought a contract for him to sign.
At this point, I had contacted Iyanya and told him I would like to also sign Tekno and he told me point blank, I don’t want to be part of anything artist, I want to focus on my career and I am not interested in signing any artist.
Iyanya doesn’t like Tekno and I have proof to show that,” he added.
”Freda Francis called me and said Ubi know you are great business guy and you know you want to do this, do it. I believed Tekno was going to be a big star.
Iyanya never spent a dime to promote Tekno. When ‘Duro’ came out and did well, I had bills to clear.
In 2016, Tekno had started making money and Iyanya said why is he not making money from Tekno. I said don’t f**k with me… You are supposed to apologize to me for not putting money in Tekno’s career.
Before we started making money I transferred Tekno’s management to another company, Paulo of Upfront.
When someone says I have made N30M and we all run expenses and Tekno had shot three videos. If you take Tekno’s percentage and give to Iyanya how much will be left? Everything Tekno made afterwards, Iyanya also made 50%.
On if Iyanya got more money from Tekno than claimed
”Yes, there is a N3M… Paul of Upfront paid that money. The money was paid for a car for Iyanya. What we have always done with Paul was when we don’t have money to pay for something, Paul will pay and later collect the money.
Ubi also stated that Iyanya had been getting paid off Tekno since March 2016.
”Iyanya had a few liabilities and myself and Paul said he was going to clear our bills.
Then he later insisted on leaving Paulo’s management within five months of the split.